The Digital Source For China's Tech Innovation Since 2000

Search
Close

Banned Crypto-Miners Siphoning Power from Chinese Public Firms

October 19, 2021
Source: techcratic.com techcratic.com
News Snapshot:
Ryan Whitwam 2021-10-18 09:00:57 feedproxy.google.com [Terms of use] . China was once a burgeoning hub for digital currencies, but the country recently came out against cryptocurrency. With transactions and mining banned, officials are on the hunt for illegal crypto operations, and extreme power usage often points the way. As reported by Bloomberg , two provinces have found that a substantial chunk of illegal mining was happening at public institutions. Naturally, the government aims to put a stop to that. As recently as last year, China accounted for the majority of Bitcoin hash rates. Since then, mining has moved to other...
Go To Original Source →
Tags: bitcoin | blockchain | Bloomberg | China | Chinese | Computing | crackdown | crypto | cryptocurrency | currency | digital | energy | fintech | Google | government | GPU | hardware | illegal | IP | Jiangsu | LED | loans | online | search engine | Zhejiang

Other Related News:

TikTok top attorney reiterates safety measures for users

April 1, 2023

Politics Briefing: Ottawa allows Rogers to complete $20-billion takeover of Shaw with conditions, financial penalties if promises not kept

April 1, 2023

Got $3,000? Buy These TSX Stocks in Your TFSA

April 1, 2023

What's going on with the TikTok ban?

April 1, 2023

Apps such as TikTok may need to secure user data in Australia

April 1, 2023

Genuine permitting reform is long overdue

April 1, 2023

U.S. lags behind China in race to improve transportation infrastructure

April 1, 2023

How Decca Records Came to Dominate U.S. Classical Streaming

April 1, 2023

Auto industry finds just-in-time success via next-gen visibility

April 1, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter